• Application Deadline:
• Position: Reconciliations Manager



• Job Type Full Time



• Qualification BA/BSc/HND , MBA/MSc/MA



• Experience 5 years



• Location Abuja




• Job Field Finance / Accounting / Audit 
  
  

Role Summary:

• The Reconciliations Manager is responsible for overseeing the reconciliation of all financial transactions across various accounts and platforms to ensure accuracy, compliance, and efficiency in financial reporting.


• The role requires exceptional analytical skills, attention to detail, and a deep understanding of banking operations and regulatory requirements.

Key ResponsibilitiesReconciliation Management

• Oversee the daily, weekly, and monthly reconciliation of bank accounts, digital payment platforms, and internal systems.


• Monitor and resolve discrepancies between bank statements, accounting records, and transaction reports.


• Ensure all suspense and unposted transactions are cleared within specified timelines.


• Develop and maintain reconciliation procedures and processes in compliance with bank policies and regulatory standards.

Operational Oversight

• Lead and manage a team of reconciliation officers, ensuring efficient workflow and adherence to deadlines.


• Conduct root cause analysis of reconciliation issues and implement corrective measures to prevent recurrence.


• Collaborate with IT and other departments to enhance reconciliation systems and automate processes.


• Maintain up-to-date knowledge of industry best practices and ensure continuous improvement in reconciliation operations.

Compliance and Reporting

• Ensure reconciliations are conducted in line with internal controls, audit requirements, and regulatory guidelines.


• Prepare and submit reconciliation reports to senior management, auditors, and regulators as required.


• Ensure accurate documentation of reconciliation processes and maintain a comprehensive audit trail.


• Address audit findings related to reconciliation and implement action plans for resolution.

Stakeholder Management

• Serve as the primary point of contact for reconciliation-related queries from internal and external stakeholders.


• Coordinate with financial institutions, vendors, and partners to resolve reconciliation discrepancies.


• Support the Finance and Risk Management teams by providing insights and data related to reconciliation trends.

Qualifications and Experience

Educational Background:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree or professional certification (e.g., ACA, ACCA, CIMA) is an added advantage.

Experience:

• Minimum of 5 years of experience in reconciliation, financial operations, or a related role, preferably within the banking or financial services sector.


• Proven track record in managing teams and implementing process improvements.

Key Competencies and Skills

• Strong analytical and problem-solving skills.


• In-depth understanding of banking operations, payment systems, and regulatory requirements.


• Proficiency in financial software, reconciliation tools, and Microsoft Office Suite, especially Excel.


• Excellent attention to detail and organizational skills.


• Strong leadership and team management capabilities.


• Effective communication and interpersonal skills.


• Ability to work under pressure and meet deadlines.

Key Performance Indicators (KPIs)

• Timely and accurate completion of reconciliations.


• Reduction in unreconciled items and suspense account balances.


• Resolution of discrepancies within agreed timelines.


• Compliance with internal and external audit requirements.


• Employee performance and development within the reconciliation team.